The wife and I saw it last night. We both loved it and will buy the DVD when it comes out. It did remind me a lot of The Princess Bride in its tone, except this was a big fantasy movie where TPB was a small fairy tale. Since I love TPB, this is a good thing. I had only a few minor quibbles with the film, which I won't bother to mention, because they're minor.
Overall, the movie was fun, and even heartwarming. As Ax said, a perfect date movie.
And I want a ship like Capt. Shakespeare's!
When I win the lottery, I'm building me one of those.